Neighborhood Network Center Inc

Analysis

Neighborhood Network Center Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neighborhood Network Center Inc reported income of $1.2m and spending of $752k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $1.2m (+3372%), an average of +143% a year. The sharpest change came in the year to December 2020, when income rose by 1831%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Network Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include National Coalition of Black Meeting Planners Inc ($1.2m), Community Action Agencies ($1.2m) and Norwich Building Tomorrow Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% of the total. Other salaries and wages came to $349k. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $113k.